Monthly Certificate. On each Determination Date, AFC-II shall forward to the Trustee, the Paying Agent, the Administrative Agent, the Rating Agencies and any Enhancement Provider, an Officer's Certificate of AFC-II substantially in the form of Exhibit D (each, a "Monthly Certificate") setting forth, inter alia, the following information (which, in the cases of clauses (iii), (iv) and (v) below, will be expressed as a dollar amount per $1,000 of the original principal amount of each Series of Notes and as a percentage of the outstanding principal balance of the Notes as of such date): (i) the aggregate amount of payments received from the Manufacturers and/or auction dealers under Manufacturer Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the Collection Account and the aggregate amount of other Collections deposited in the Collection Account for the Related Month with respect to such Determination Date; (ii) the Invested Percentage on the last day of the Related Month of each Series of Notes and each class of each Series; (iii) for each Series and each class of each Series, the total amount to be distributed to Noteholders on the next succeeding Distribution Date; (iv) for each Series and each class of each Series, the amount of such distribution allocable to principal on the Notes; (v) for each Series and each class of each Series, the amount of such distribution allocable to interest on the Notes; (vi) the portion of the Monthly Administration Fee payable by the Issuer and allocable to each Series and each class of each Series; (vii) for each Series and each class of each Series, to the extent applicable, the amount of Enhancement used or drawn in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (viii) for each applicable Series and each class of each Series, the existing Carryover Controlled Amortization Amount, if any; (ix) the Pool Factor with respect to such Related Month for each applicable Series and each class of each Series; (x) a list of all Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiii) the Aggregate Asset Amount and the amount of the Aggregate Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xiv) the aggregate Net Book Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) as of the last day of the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) the amount of Monthly Base Rent and any Supplemental Rent due under each Lease on the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount and any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the amount on deposit in the Termination Services Reserve Account; (xix) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xx) the amount, if any, of investment earnings on funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxi) for each Series, the Required Enhancement Amount with respect to such Series and whether an Enhancement Deficiency exists with respect to such Series and the amount thereof; (xxii) whether an AESOP I Operating Lease Vehicle Deficiency exists and the amount thereof; and (xxiii) whether, to the knowledge of AFC-II, (A) any Lien exists on any of the Collateral (other than Liens granted pursuant to the Indenture and the other Related Documents or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that the information set forth in clause (i) above shall be provided only to the Trustee;
Appears in 2 contracts
Samples: Base Indenture (Avis Rent a Car Inc), Base Indenture (Avis Rent a Car Inc)
Monthly Certificate. On each Determination Date, AFC-II the Servicer shall forward to the Lessor, the Lessee, the Trustee, the Paying Agent, the Administrative Agent, Agent and the Rating Agencies and any Enhancement ProviderAgencies, an Officer's Certificate of AFC-II the Servicer substantially in the form of Exhibit D A (each, a "Monthly Certificate") setting forth, inter alia, the following information (which, in the cases of clauses (iiic), (ivd) and (ve) below, will be expressed as a dollar amount per $1,000 of the original principal amount of each Series of the Notes and as a percentage of the outstanding principal balance of the Notes as of such date): (ia) the aggregate amount of payments received from the Manufacturers and/or auction dealers under Manufacturer Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the Collection Account from the Master Collateral Account and the aggregate amount of other Collections deposited in the Collection Account for the Related Month with respect to such Determination Date; (iib) the Invested Percentage on the last day of the Related Month of each Series of Notes and each class of each Series; (iiic) for each Series and each class of each Series, the total amount to be distributed to Noteholders on the next succeeding Distribution Date; (ivd) for each Series and each class of each Series, the amount of such distribution allocable to principal on the Notes; (ve) for each Series and each class of each Series, the amount of such distribution allocable to interest on the Notes; (vi) the portion of the Monthly Administration Fee payable by the Issuer and allocable to each Series and each class of each Series; (viif) for each Series and each class of each Series, to the extent applicable, the amount of Enhancement used or drawn in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (viiig) for each applicable Series, the Series Monthly Servicing Fee for the next succeeding Payment Date; (h) for each Series and each class of each Series, the existing Carryover Controlled Amortization Amount, if any; (ixi) the Pool Factor with respect to such Related Month for each applicable Series and each class of each Series; (xj) a list of all Acquired Vehicles and Financed Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) hereunder at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiiik) the Aggregate Asset Amount and the amount of the Aggregate Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xivl) if Enhancement is provided for any Series of Notes or any class of a Series by means of overcollateralization, the aggregate Net Book Value amount of all Non-Program Vehicles leased under the AESOP I Operating Lease recoveries and the Finance Lease (separately stated) as of the last day of losses for the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) the amount of Monthly Base Rent and any Supplemental Rent due under each Lease on the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount and any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the amount on deposit in the Termination Services Reserve Account; (xix) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xx) the amount, if any, of investment earnings on funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxi) for each Series, the Required Enhancement Amount with respect to such Series and whether an Enhancement ENHANCEMENT Deficiency exists with respect to such Series or class and the amount thereof; (xxii) whether an AESOP I Operating Lease Vehicle Deficiency exists and , or the amount thereofavailable for such overcollateralization; and (xxiiim) whether, to the knowledge of AFC-IIthe Servicer, (A) any Lien exists on any of the Collateral (other than Liens granted pursuant to the Indenture and the other Related Documents or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that the information set forth in clause (i) above shall be provided only which is reasonably likely to the Trustee;have a Material Adverse Effect.
Appears in 1 contract
Samples: Master Motor Vehicle Lease and Servicing Agreement (Republic Industries Inc)
Monthly Certificate. On or before each Determination Date, AFC-II shall forward to the Trustee, the Paying Agent, the Administrative Agent, the Rating Agencies and any Enhancement Provider, an Officer's Certificate of AFC-II the Servicer substantially in the form of Exhibit D A (each, a "Monthly Certificate") setting forth, inter alia, the following information (which, in the cases of clauses (iiic), (ivd) and (ve) below, will be expressed as a dollar amount per $1,000 of the original principal amount of each Series of the Notes and as a percentage of the outstanding principal balance of the Notes as of such date): (ia) the aggregate amount of payments received from the Manufacturers and/or auction dealers under Manufacturer Repurchase Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the NFC Collection Account (or as otherwise directed by the NFC Collateral Agent pursuant to the NFC Collateral Agreement) from the Master Collateral Account or otherwise and the aggregate amount of other Collections deposited in the NFC Collection Account (or as otherwise directed by the NFC Collateral Agent pursuant to the NFC Collateral Agreement) for the Related Month with respect to such Determination Date; (iib) the Invested Percentage on the last day of the Related Month of the Series 1996-2 Note and, if any, each other Series of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Note; (iiic) for the Series 1996-2 Note and, if any, each other Series of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes, the total amount to be distributed to Noteholders on the next succeeding Distribution Date; (ivd) for the Series 1996-2 Note and, if any, each other Series of Shared Collateral Series Note and each class of each SeriesSeries of Shared Collateral Series Notes, the amount of such distribution allocable to principal on the Notes; (ve) for the Series 1996-2 Note and, if any, each other Series of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes, the amount of such distribution allocable to interest on the Notes; (vif) for the portion Series 1996-2 Note and, if any, each other Series of the Monthly Administration Fee payable by the Issuer and allocable to each Shared Collateral Series Notes and each class of each Series; (vii) for each Series and each class of each Series, to the extent applicableShared Collateral Series Notes, the amount of Enhancement used or drawn in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (viiig) for the Series 1996-2 Note and, if any, each other Series of Shared Collateral Series Notes, the Series Monthly Servicing Fee for the next succeeding Payment Date; (h) for each applicable other Series, if any, of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes, the existing Carryover Controlled Amortization Amount, if any; (ixi) the Pool Factor with respect to such Related Month for the Series 1996-2 Note and, if any, each applicable other Series of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes; (xj) a list of all Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiii) the Aggregate Asset Amount and the amount of the Aggregate Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xiv) the aggregate Net Book Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) as of the last day of the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) the amount of Monthly Base Rent and any Supplemental Rent due under each Lease on the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount and any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the amount on deposit in the Termination Services Reserve Account; (xix) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xx) the amount, if any, of investment earnings on funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxi) for each Series, the Required Enhancement Amount with respect to such Series and whether an Enhancement Deficiency exists with respect to such Series and the amount thereof; (xxii) whether an AESOP I Operating Lease Vehicle Deficiency exists and the amount thereof; and (xxiii) whether, to the knowledge of AFC-II, (A) any Lien exists on any of the Collateral (other than Liens granted pursuant to the Indenture and the other Related Documents or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that the information set forth in clause (i) above shall be provided only to the Trustee;of
Appears in 1 contract
Samples: Second Master Motor Vehicle Lease and Servicing Agreement (Republic Industries Inc)
Monthly Certificate. On each Determination Date, AFC-II CRCF shall forward to the Trustee, the Paying Agent, the Administrative Agent, the Rating Agencies and any Enhancement Provider, an Officer's ’s Certificate of AFC-II substantially in CRCF containing the form of information required by Exhibit D to this Base Indenture (each, a "“Monthly Certificate"”) setting forth, inter alia, alia the following information (which, in the cases of clauses (iii), (iv) and (v) below, will be expressed as a dollar amount per $1,000 of the original principal amount of each Series of Notes and as a percentage of the outstanding principal balance of the Notes as of such date): (i) the aggregate amount of payments received from the Manufacturers and/or auction dealers under Manufacturer Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the Collection Account Account, whether directly or as a result of transfers from a Joint Collection Account, and the aggregate amount of other Collections deposited in the Collection Account for the Related Month with respect to such Determination Date; (ii) the Invested Percentage on the last day of of, the Related Month of each Series of Notes and each class of each Series; (iii) for each Series and each class of each Series, the total amount to be distributed to Noteholders on the next succeeding Distribution Date; (iv) for each Series and each class of each Series, the amount of such distribution allocable to principal on the Notes; (v) for each Series and each class of each Series, the amount of such distribution allocable to interest on the Notes; (vi) the portion of the Monthly Administration Fee payable by the Issuer CRCF and allocable to each Series and each class of each Series; (vii) for each Series and each class of each Series, to the extent applicable, the amount of Enhancement used or drawn in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (viii) for each applicable Series and each class of each Series, the existing Carryover Controlled Amortization Amount, if any; (ix) the Pool Factor with respect to such Related Month for each applicable Series and each class of each Series; (x) a list of all Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiii) the Aggregate Asset Amount and the amount of the Aggregate Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xiv) the aggregate Net Book Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) as of the last day of the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased lease d under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) the amount of Monthly Base Rent and any Supplemental Rent Rent, due under each Lease on the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount and any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the Loan Principal Amount with respect to the Loans under each Loan Agreement (separately stated) at the close of business on the last day of the Related Month; (xix) the amount on deposit in the Termination Services Reserve Account; (xixxx) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xxxxi) the amount, if any, of investment earnings on funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxixxii) for each Series, the Required Enhancement Amount with respect to such Series and whether an Enhancement Deficiency exists with respect to such Series and the amount thereof; (xxiixxiii) whether an AESOP I Operating Lease Vehicle Deficiency exists and the amount thereof; and (xxiiixxiv) whether, to the knowledge of AFC-IICRCF, (A) any Lien exists on any of the Collateral (other than Liens granted pursuant to the Indenture and the other Related Documents or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that the information set forth in clause (i) above shall be provided only to the Trustee;.
Appears in 1 contract
Samples: Cendant Corp
Monthly Certificate. Monthly certificates of the Master Servicer as follows: On each Determination Reporting Date, AFC-II the Master Servicer shall forward to the Lessee, the Lessor, the Trustee, the Paying Agent, the Administrative Agent, the Rating Agencies and any applicable Enhancement Provider, an Officer's Officers' Certificate of AFC-II the Master Servicer substantially in the form of Exhibit D A (each, a "Monthly Certificate") setting forth, inter alia, the following information (which, in the cases of clauses (iii), (iv) and (v) below, will be expressed as a dollar amount per $1,000 of the original principal amount of each Series of such Notes and as a percentage of the outstanding principal balance of the Notes as of such date): (i) the aggregate amount of payments received from the Manufacturers and/or auction dealers under Manufacturer Vehicle Disposition Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the Collection Master Collateral Account and the aggregate amount of other Group I Collections deposited in the Collection Account processed for the Related Month with respect to such Determination Reporting Date; (ii) the Invested Percentage on the last day of the second preceding Related Month of each Series of Notes and each class included in Group I (or, until the end of each the second Related Month for such Series of Notes, as of the Closing Date for such Series); (iii) for each Series and each class of each Seriesincluded in Group I, the total amount to be distributed to Noteholders on the next succeeding Distribution Payment Date; (iv) for each Series and each class of each Seriesincluded in Group I, the amount of such distribution allocable to principal on the NotesNotes of such Series; (v) for each Series and each class of each Seriesincluded in Group I, the amount of such distribution allocable to interest on the Notes; (vi) the portion of the Monthly Administration Fee payable by the Issuer and allocable to each Series and each class of each Series; (vii) for each Series and each class of each Series, to the extent applicableincluded in Group I, the amount of Enhancement used or drawn (or to be used or drawn) in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Payment Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (vii) for each Series included in Group I, the Series Monthly Servicing Fee for the next succeeding Payment Date; (viii) for each applicable Series and each class of each Seriesincluded in Group I, the existing Carryover Controlled Amortization Amount, if any; (ix) for each Series included in Group I or Class of Notes, the applicable Pool Factor Factors with respect to such Related Month for each applicable Series and each class of each SeriesMonth; (x) a list of all Vehicles leased under the AESOP Group I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiii) the Aggregate Asset Amount and the amount of the Aggregate Group I Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xivxi) the aggregate Net Book Value if Enhancement is provided for any Series of all Non-Program Vehicles leased under the AESOP Notes included in Group I Operating Lease and the Finance Lease (separately stated) as by means of the last day of the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) overcollateralization, the amount of Monthly Base Rent recoveries and any Supplemental Rent due under each Lease on losses for the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount Related Month and any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the amount on deposit in the Termination Services Reserve Account; (xix) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xx) the amount, if any, of investment earnings on excess funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxi) available for each Series, the Required Enhancement Amount with respect to such Series and whether an Enhancement Deficiency exists with respect to such Series and the amount thereof; (xxii) whether an AESOP I Operating Lease Vehicle Deficiency exists and the amount thereofovercollateralization; and (xxiiixii) whether, to the knowledge of AFC-IIthe Master Servicer, (A) any Lien exists on any of the Collateral for any Series of Notes included in Group I (other than Liens granted pursuant Permitted Liens). The Trustee shall be under no duty to the Indenture and the other Related Documents recalculate, verify or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that recompute the information set forth in clause (i) above shall be provided only supplied to the Trustee;it under this Section 24.4(b).
Appears in 1 contract
Samples: Vehicle Lease and Servicing Agreement (Dollar Thrifty Automotive Group Inc)
Monthly Certificate. On or before each Determination Date, AFC-II shall forward to the Trustee, the Paying Agent, the Administrative Agent, the Rating Agencies and any Enhancement Provider, an Officer's Certificate of AFC-II the Master Servicer substantially in the form of Exhibit D A (each, a "Monthly Certificate") setting forth, inter alia, the following information (which, in the cases of clauses (iiic), (ivd) and (ve) below, will be expressed as a dollar amount per $1,000 of the original principal amount of each the applicable Series of Series 1997 Notes and as a percentage of the outstanding principal balance of the Notes as of such date): (ia) the aggregate amount of payments received in respect of Series 1997 Vehicles from the Manufacturers and/or auction dealers under Manufacturer Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Series 1997 Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the Collection Account from the Master Collateral Account or otherwise and the aggregate amount of other Collections deposited in the Collection Account for the Related Month with respect to such Determination DateAccount; (iib) the Invested Percentage with respect to Principal Collections and with respect to Interest Collections on the last day of the Related Month of each Series of the Series 1997 Variable Funding Notes and, if any, each other Series of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes; (iiic) for each Series of the Series 1997 Variable Funding Notes and, if any, each other Series of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes, the total amount to be distributed to Noteholders of such Series on the next succeeding Distribution Date; (ivd) for each Series of the Series 1997 Variable Funding Notes and, if any, each other Series of Shared Collateral Series Note and each class of each SeriesSeries of Shared Collateral Series Notes, the amount of such distribution allocable to principal on the Notes; (ve) for each Series of the Series 1997 Variable Funding Notes and, if any, each other Series of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes, the amount of such distribution allocable to interest on the Notes; (vif) the portion for each Series of the Monthly Administration Fee payable by the Issuer and allocable to Series 1997 Variable Funding Notes and, if any, each other Series of Shared Collateral Series Notes and each class of each Series; (vii) for each Series and each class of each Series, to the extent applicableShared Collateral Series Notes, the amount of Enhancement used or drawn in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (viiig) for each applicable Series of the Series 1997 Variable Funding Notes and, if any, each other Series of Shared Collateral Series Notes, the Series Monthly Servicing Fee for the next succeeding Payment Date; (h) for each other Series, if any, of Shared Collateral Series Notes and each class of each SeriesSeries of Shared Collateral Series Notes, the existing Carryover Controlled Amortization Amount, if any; (ixi) the Pool Factor with respect to such Related Month for each applicable Series and each class of each Series; (x) a list of all Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiii) the Aggregate 1997 Xxxxxxxxx Asset Amount and the amount of the Aggregate Series 1997 Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xivj) the aggregate Net Book Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) as of the last day of the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) the amount of Monthly Base Rent and any Supplemental Rent due under each Lease on the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount and if Enhancement is provided for any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the amount on deposit in the Termination Services Reserve Account; (xix) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xx) the amountSeries, if any, of investment earnings on funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxi) for each Series, the Required Enhancement Amount with respect to such Shared Collateral Series and whether an Enhancement Deficiency exists with respect to such Notes or any class of a Series and the amount thereof; (xxii) whether an AESOP I Operating Lease Vehicle Deficiency exists and the amount thereof; and (xxiii) whether, to the knowledge of AFC-II, (A) any Lien exists on any of the Collateral (other than Liens granted pursuant to the Indenture and the other Related Documents or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that the information set forth in clause (i) above shall be provided only to the Trustee;Shared
Appears in 1 contract
Samples: Vehicle Lease and Servicing Agreement (Republic Industries Inc)
Monthly Certificate. On each Determination Date, AFC-II the Issuer shall forward to the Collateral Agent, each Swap Counterparty, the Indenture Trustee, the Note Paying Agent, the Administrative AgentRating Agencies, the Rating Agencies and any Enhancement Provider, an Officer's ’s Certificate of AFC-II the Issuer substantially in the form of Exhibit D (each, a "“Monthly Certificate"”) setting forth, inter alia, the following information (which, in the cases of clauses (iiii), (ivii) and (viii) below, will be expressed as a dollar amount per $1,000 of the original principal amount Initial Principal Amount of each Series of Term Notes or Subordinated Notes and as a percentage of the outstanding aggregate principal balance of the Term Notes or Subordinated Notes as of such date): (i) the aggregate amount of payments received from the Manufacturers and/or auction dealers under Manufacturer Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the Collection Account and the aggregate amount of other Collections deposited in the Collection Account for the Related Month with respect to such Determination Date; (ii) the Invested Percentage on the last day of the Related Month of each Series of Notes and each class of each Series; (iii) for each Series and each class of each Series, the total amount to be distributed paid to Term Noteholders or to Subordinated Noteholders on the next succeeding Distribution Payment Date; (ivii) for each Series and each class of each Series, the amount of such distribution payment allocable to principal on the Term Notes or the Subordinated Notes; (viii) for each Series and each class of each Series, the amount of such distribution payment allocable to interest on the Term Notes or the Subordinated Notes, as applicable; (vi) the portion of the Monthly Administration Fee payable by the Issuer and allocable to each Series and each class of each Series; (viiiv) for each Series and each class of each Series, to the extent applicable, the amount of Enhancement used or drawn in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Payment Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (viii) for each applicable Series and each class of each Series, the existing Carryover Controlled Amortization Amount, if any; (ix) the Pool Factor with respect to such Related Month for each applicable Series and each class of each Series; (x) a list of all Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiii) the Aggregate Asset Amount and the amount of the Aggregate Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xiv) the aggregate Net Book Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) as of the last day of the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) the amount of Monthly Base Rent and any Supplemental Rent due under each Lease on the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount and any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the amount on deposit in the Termination Services Reserve Account; (xix) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xx) the amount, if any, of investment earnings on funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxi) for each Series, the Required Enhancement Amount with respect to such Series and whether an Enhancement Deficiency exists with respect to such Series and the amount thereof; (xxii) whether an AESOP I Operating Lease Vehicle Deficiency exists and the amount thereof; and (xxiiiv) whether, to the knowledge of AFC-IIthe Issuer, (A) any Lien exists on any of the Collateral (other than Liens granted pursuant to the Indenture Security Agreement and the other Related Program Documents or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that the information set forth in clause (i) above shall be provided only to the Trustee;).
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Samples: Accredited Home Lenders Holding Co
Monthly Certificate. Monthly certificates of the Servicer as follows: On each Determination Reporting Date, AFC-II the Servicer shall forward to the Lessee, the Lessor, the Trustee, the Paying Agent, the Administrative Agent, the Rating Agencies and any applicable Credit Enhancement Provider, an Officer's Officers' Certificate of AFC-II the Servicer substantially in the form of Exhibit D A (each, a "Monthly Certificate") setting forth, inter alia, the following information (which, in the cases of clauses (iii), (iv) and (v) below, will be expressed as a dollar amount per $1,000 of the original principal amount of each Series of such Notes and as a percentage of the outstanding principal balance of the Notes as of such date): (i) the aggregate amount of payments received from the Manufacturers and/or auction dealers under Manufacturer Vehicle Disposition Programs related to Program Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and the aggregate amount of payments received from third parties (other than Manufacturers and auction dealers) with respect to the sale of Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) and in each case deposited in the Collection Master Collateral Account and the aggregate amount of other Collections deposited in the Collection Account processed for the Related Month with respect to such Determination Reporting Date; (ii) the Invested Percentage on the last day of the second preceding Related Month of each Series of Notes and each class (or, until the end of each the second Related Month for such Series of Notes, as of the Closing Date for such Series); (iii) for each Series and each class of each Series, the total amount to be distributed to Noteholders on the next succeeding Distribution Payment Date; (iv) for each Series and each class of each Series, the amount of such distribution allocable to principal on the Notes; (v) for each Series and each class of each Series, the amount of such distribution allocable to interest on the Notes; (vi) the portion of the Monthly Administration Fee payable by the Issuer and allocable to each Series and each class of for each Series; (vii) for each Series and each class of each Series, to the extent applicable, the amount of Enhancement used or drawn (or to be used or drawn) in connection with the distribution to Noteholders of such Series or class on the next succeeding Distribution Payment Date, together with the aggregate amount of remaining Enhancement not theretofore used or drawn; (vii) for each Series, the Series Monthly Servicing Fee for the next succeeding Payment Date; (viii) for each applicable Series and each class of each Series, the existing Carryover Controlled Amortization Amount, if any; (ix) for each Series or Class of Notes, the applicable Pool Factor Factors with respect to such Related Month for each applicable Series and each class of each SeriesMonth; (x) a list of all Vehicles leased under the AESOP I Operating Lease, the AESOP II Operating Lease and the Finance Lease (separately stated) at the close of business on the last day of the Related Month; (xi) the aggregate Net Book Value at the time of the respective sale of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xii) the aggregate Disposition Proceeds with respect to all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) that were disposed of during the related Measurement Month; (xiii) the Aggregate Asset Amount and the amount of the Aggregate Asset Amount Deficiency, if any, at the close of business on the last day of the Related Month; (xivxi) the aggregate Net Book Value if Enhancement is provided for any Series of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease (separately stated) as Notes by means of the last day of the Related Month; (xv) the Non-Program Fleet Market Value of all Non-Program Vehicles leased under the AESOP I Operating Lease and the Finance Lease as of the related Determination Date; (xvi) overcollateralization, the amount of Monthly Base Rent recoveries and any Supplemental Rent due under each Lease on losses for the next succeeding Payment Date (separately stated); (xvii) the amount of Loan Interest, Monthly Loan Principal Amount Related Month and any other amounts due under each Loan Agreement on the next succeeding Payment Date (separately stated); (xviii) the amount on deposit in the Termination Services Reserve Account; (xix) the amount of any withdrawals in respect of Termination Services Reserve Draw Amounts from the Termination Services Reserve Account during the Related Month; (xx) the amount, if any, of investment earnings on excess funds on deposit in the Termination Services Reserve Account that will be distributed to the Administrator on the next succeeding Distribution Date; (xxi) available for each Series, the Required Enhancement Amount with respect to such Series and whether an Enhancement Deficiency exists with respect to such Series and the amount thereof; (xxii) whether an AESOP I Operating Lease Vehicle Deficiency exists and the amount thereofovercollateralization; and (xxiiixii) whether, to the knowledge of AFC-IIthe Servicer, (A) any Lien exists on any of the Collateral (other than Liens granted pursuant Permitted Liens). The Trustee shall be under no duty to the Indenture and the other Related Documents recalculate, verify or permitted thereunder) and (B) any Lease Event of Default or Loan Event of Default has occurred; provided, however, that recompute the information set forth in clause (i) above shall be provided only supplied to the Trustee;it under this Section 24.4(b).
Appears in 1 contract
Samples: Vehicle Lease and Servicing Agreement (Dollar Thrifty Automotive Group Inc)